Commerce Short Question | Gkseries

Sports GK Questions and Answers 2024 (Latest Updated)

Awards & Honours GK Questions 2024 (Latest Updated)

Question

Which one of the following is not the characteristic of capitalism ?

A Individuals and associations behave with economic motive of maximising their profit with least sacrifice or cost
B The country’s major means of production are either owned by the Government or their use is controlled by the Government.
C Producers, consumers and employees compete among themselves, as the resources and opportunities are limited.
D Price, the invisible hand, plays a predominant role in the flow of the factors of production and consumption

Answer & Explanation

Answer:The country’s major means of production are either owned by the Government or their use is controlled by the Government.

Advertisement
Assam Direct Recruitment Test Series